BTL in Thornaby
About this property
BTL in Thornaby - Tenant in Situ - £1,000 sourcing fee discount
A great opportunity to purchase this low entry cost, high yielding investment property with a tenant already in situ.
The units are fully managed by a professional onsite team, making them an ideal option for investors seeking a truly passive income stream. With strong rental demand, proven occupancy rates, and no requirement for renovation or setup, these turnkey investments begin generating income from day one. Whether you’re expanding a portfolio or making your first property investment, this is a rare opportunity to enter a high-performing market with long-term rental stability and minimal hassle.
Key financials:
▪ Purchase price: £15,000
▪ Annual profit: £1,990
▪ ROCE: 11%
▪ Yield: 45%
▪ Monthly rent: £560
▪ Monthly net: £165
▪ Net yield: 13%
Please contact for further information.
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Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.